Written by Chuck @ Doctor Of Credit
Update 2/13/22: This program is now substituted with a new one called Affordable Connectivity Program. The benefit has been reduced from $50 to $30 (those who were enrolled during 2021 will continue to see their $50 benefit through March 1st). More people can now qualify for the benefit; for example, previously you needed income below 135% […]
Category: stimulus
Stimulus Bill Requires Payment Processors (like Paypal) To Report Earnings of $600+ on 1099-K Tax Form
Written by Chuck @ Doctor Of Credit
(Seems the final version of the bill DOES have section 9674, so we are on the hook for this after all. Bummer!) Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K.
[Repost] Stimulus Bill: Congress Adds $300/$600 Tax Deduction For Charitable Contributions In 2021
Written by Chuck @ Doctor Of Credit
The new stimulus bill round #2 extends the $300 charitable contribution tax break from 2020 for those who don’t itemize and makes it valid for 2021 as well. You can get up to $300 deduction in 2020 and another deduction of up to $300 in 2021. Keep a note of any charitable contributions (or receipts, when […]
[Update] Low-Income U.S. Residents Can Get $50 Monthly Discount On Internet Bill With Government Program
Written by Chuck @ Doctor Of Credit
[Update 5/19/21: Billing adjustments are already showing up for some who have applied. Hat tip to reader Erik] Starting today (5/12/21), low-income U.S. residents can take advantage of a new government program called the Emergency Broadband Benefit which gives a $50 monthly subsidy on your internet broadband cost. The funds are directly paid to your […]
Low-Income U.S. Residents Can Get $50 Monthly Discount On Internet Bill With Government Program
Written by Chuck @ Doctor Of Credit
Starting today (5/12/21), low-income U.S. residents can take advantage of a new government program called the Emergency Broadband Benefit which gives a $50 monthly subsidy on your internet broadband cost. The funds are directly paid to your provider and reduces the cost of your monthly bill. FCC link | Dedicated Website | Qualification Details | […]
Stimulus Bill Requires Payment Processors (like Paypal) To Report Earnings of $600+ on 1099-K Tax Form
Written by Chuck @ Doctor Of Credit
(Seems the final version of the bill DOES have section 9674, so we are on the hook for this after all. Bummer!) Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K.